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utilitarian justice concept appended with a safety net for the poorest. Another result is that people are willing to accept income …
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We study equitable allocation of indivisible goods and money among agents with other-regarding preferences. First, we argue that Foley's (1967) equity test, i.e., the requirement that no agent prefer the allocation obtained by swapping her consumption with another agent, is suitable for our...
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We estimate responsibility-sensitive welfare weights for health that facilitate inequalityand inequity-sensitive policy evaluation. In a UK general population sample, 569 online experiment participants distribute constrained resources to determine the health of hypothetical individuals...
Persistent link: https://www.econbiz.de/10014577916
In this paper, we report on a series of free-form bargaining experiments in which two players have to distribute four indivisible goods among themselves. In one treatment, players are informed about the monetary payoffs associated with each bundle of goods; in a second treatment only the ordinal...
Persistent link: https://www.econbiz.de/10014197611
associated with lofty judicial notions such as justice, fairness, and intrinsic rights are nothing more than a pretext for …
Persistent link: https://www.econbiz.de/10014058485
It has been known that, in aggregating infinite utility streams, there does not exist any social welfare function, which satisfies the axioms of Pareto, inter-generational equity and continuity. We show that the impossibility result persists even without imposing the continuity axiom. Hence, the...
Persistent link: https://www.econbiz.de/10014116781
circumstances, because of its structural similarity to utilitarianism. Therefore it appears useful to look for other normative …
Persistent link: https://www.econbiz.de/10014023654